The Australian sharemarket is tipped to stumble to into a new week as investors gauge whether the easing of lockdowns - and the promise of accelerated retail spending - will fend off concerns a COVID rally has gone too hard, too fast.
This week pubs, clubs, cafes and restaurants will be able to serve up to 50 customers at a time, and beauty salons, galleries, libraries and museums will be allowed to reopen. Travel to regional NSW will also be permitted. Mr Sequiera said he understood why the market had rallied so hard since hitting a nadir on March 23 but questioned whether the subsequent 30.7 per cent rise was too much, too soon.
Profit taking capped gains at the end of an extraordinary week for the ASX where five straight weeks of gains accelerated amid a catch-up rally for the unloved banking sector.
When does the market factor in 40m unemployment in the US and a global downturn that will last 12+ months?
I'm assuming the US riots will have nil impact on any share market. Thank you.
US President Donald Trump says he will delay the G7Summit
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